How was your weekend?
Keep pushing, we are on the home stretch and Xmas holidays are around the corner!
Across Markets
Shares were higher in New York, extending earlier modest gains. US bond yields rebounded as traders pared what had become somewhat aggressive 2024 rate cut expectations.
Still, overall sentiment was positive as there’s little evidence yet of a recession anytime soon. The November jobs data pointed to enduring strength in the US labour market, and consumer sentiment lifted too.
“135 days into the rate pause—assuming no addition hikes are forthcoming—be careful what you wish for,” LPL Financial chief economist Jeffrey Buchbinder said in a note. “Higher for longer and a ‘muddle through’ economy without cuts might be best for stocks in 2024.”
The US economy added 199,000 jobs last month, slightly more than expected. The jobless rate slipped to 3.7 per cent; wages grew at a 0.4 per cent pace.
Separately, the University of Michigan’s preliminary reading of its Consumer Sentiment Index shot up to 69.4, the highest since August, from November’s final reading of 61.3.
The median expectation among economists in a Reuters poll had been for the index to edge up to 62.0.
Source: AFR
- Successful issue of shortfall shares to raise full $3.6m
- Drilling kicks off at the Mount Ida lithium prospect
- Juno well-funded to expand exploration at Mount Ida lithium prospect and advance Mount Mason DSO hematite project
Special Report: Juno Minerals has boosted its bank balance by a further $1.6m after successfully placing the remaining shares in its non-renounceable entitlement offer, with drilling now underway at the highly prospective Mount Ida lithium prospect in Western Australia.
Bucking the downward pull of the current market and indicating the strong interest from investors in the lithium potential at Mount Ida, Juno Minerals (ASX:JNO) has completed the issue of the shortfall shares well before the January 31, 2024 deadline, adding a further $1.6m to the coffers.
The company initially raised around $2m and with the completion of the issue of all the shortfall shares has now reached its target of $3.6m.
Juno isn’t waiting until the new year to find out what it could be sitting on in the extremely hot lithium “corridor of power” – the same neighbourhood as the likes of Gina Rinehart, Chris Ellison’s Mineral Resources (ASX:MIN) and Delta Lithium (ASX:DLI) – and has started drilling ahead of the Christmas break.
Source: Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.13 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 +4%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 Unchanged
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.019 +5.56%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.006 -14.29%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.01 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.057 +1.79%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.17 Unchanged
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.007 -12.5%
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.38 -1.3%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.028 +3.7%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.015 -11.76%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.003 Unchanged
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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